Revving the Engine: Cazana’s New Funding Storm
Who’s Backing the Ride?
Passion Capital is stepping at the wheel, with David Hammond and former RAC MD Robert Diamond steering the crew. The new investors aren’t just a corporate posse – Cazana’s loyal CXO’s and motoring fanatics are also behind the wheel, ready to seal the deal.
The Cash, the Plan, and the Road Ahead
That fresh capital will turbo‑charge Cazana’s global expansion, fast‑track monetisation of its B2B sales and fuel the build‑out of its growing SaaS arsenal, including the recent Car & Classic takeover.
What Cazana Already Does
- Founded in 2013, it woven AI and big data into a keen‑eyed briefing service that tells you everything about modern and classic cars.
- Delivers free online vehicle checks and valuations—real‑time pricing and a treasure trove of history no one else can tap.
- Boasts a platform with every car on the street; a gold‑mining database that helps businesses set accurate credit and pricing plays.
- Financial Ombudsman now trusts Cazana for insurance‑total‑loss valuations, and many UK insurers use those precise, all‑market figures.
The Car & Classic Coup
Acquired in 2018, Car & Classic is Europe’s classic‑car fan‑club king and the world’s biggest classified site for vintage wheels, moving over 480 million classic cars in 2018 alone. The new round of finance aims to amplify both platforms’ reach.
CEO Tom Woods on the Big Picture
“This is the revolution in the car world,” Tom says, eyes gleaming. “Funding on this scale opens our eyes to a vast arena—especially the US—while tightening our consumer‑centric tech stack. We’re thrilled to have industry titans showing up in this mix, and the next wave of customers and motoring experts are all set to jump on board.”
Year‑Long Milestones (2024)
- Got the Financial Ombudsman’s seal – now they use Cazana’s data to untangle insurance disputes.
- Two innovation awards from the Car Finance and International Asset Finance Awards.
- Two top‑five UK dealer groups on board.
- Car & Classic’s migration helped close the loop on the global data universe.
Wrap‑Up & Call to Action
With this funding, Cazana is not just expanding—it’s setting the stage for a full‑blown automotive renaissance. Stay tuned for real‑time updates, and if you’re a car enthusiast or a business looking to move the needle, be ready to hop on this ride. The best part? It’s not just about cars; it’s a whole new chapter for the industry.
